Disaster clean-up franchise brings inaugural ABS

By Jennifer Kang

11 Sep 2019

Servpro, a property restoration and disaster clean-up business, is preparing its debut whole business securitization, adding to the long list of first time issuers that have tapped the ABS market in 2019 to take advantage of cheap financing.

Servpro is “the largest provider of property cleaning and restoration in the United States,” according to a pre-sale report by Kroll Bond Rating Agency. The franchise provides clean-up services for properties destroyed by water, fire, mould and other elements. The deal is backed by franchise and development agreements,
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